Synthesis Energy (SYMX) CEO and CFO to Leave Company
Synthesis Energy Systems, Inc. (Nasdaq: SYMX) announced today that as a result of a tighter focus on operations and project implementation in China's rapidly growing coal-to-chemicals and coal-to-natural gas markets, plus the need to significantly reduce corporate overhead and overall costs, CEO Tim Vail and CFO David Eichinger will be leaving the Company, effective March 31, 2009 based on a mutual decision with the Company's Board of Directors. Mr. Vail will remain on the Company's Board of Directors.
In connection with these management changes, the Company promoted Robert Rigdon, currently COO, as the Company's President and CEO, effective March 31, 2009.
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